VCT and C4V have solidified their collaboration through a MOU with the principal purpose of testing and qualifying VCT's innovative battery electrolyte. The ultimate objective is to establish a formal agreement between VCT and C4V through which VCT will supply or license its electrolyte to C4V's gigafactories and/or its supply chain partners.
VCT has entered into a MTA with C4V, allowing for the transfer of samples of VCT's Solid Ultrabattery proprietary electrolyte, for testing and qualification purposes. The MTA, effective as of
As part of the collaboration, VCT will also provide graphite concentrate to C4V to be processed into battery grade anode and electrodes through C4Vs 'Green Anode' technology. The graphite concentrate will be sourced from VCT's graphite plant in
The MOU and MTA signify a significant stride in VCT's mission to drive innovation in energy storage and green energy. The strategic relationship with C4V opens avenues for collaboration in testing and refining battery technologies, further solidifying VCT's presence in the evolving energy storage and the critical minerals market. Strategically, the C4V Supply Chain Qualification program would be a unique and faster path to market for VCT through a 'single window' qualification program, VCT technology will be available for use by multiple C4V affiliated gigafactories across the globe.
Next Steps: As of this press release, VCT has delivered initial samples of battery electrolyte and graphite concentrate, for initial qualification, to C4V's facilities located in
The graphite concentrate provided by VCT will be upgraded to spherical coated battery anode and electrodes for coin cell testing. Following the collection of initial battery test data, VCT may make further adjustments to its dry separation process at its
V-Bond Lee, CEO of
Dr
About
About
C4V is a lithium-ion battery technology company possessing critical insight related to the optimum performance of lithium-ion batteries and Gigafactory designs. C4V's discoveries have been fruitful in vastly extending battery life, safety and charge performance. However, more importantly, the C4V Gigafactory offering allows emerging countries to establish their own robust manufacturing ecosystem. C4V works with industry-leading raw material suppliers and the equipment supply chain to bring to market fully optimized batteries possessing key economic advantages providing the ultimate 'best in class' performance for various applications and end-to-end solutions at a Gigawatt hour scale. Among four different Gigafactory projects across the globe currently under development, iM3NY is C4V's first lithium-ion cell manufacturing Gigafactory located in
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FORWARD LOOKING STATEMENTS
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